The Traderszone Network

Published in TZ Latest News 13 April, 2015 by The TZ Newswire Staff

Brazil’s iPhone investment falls short on promises of jobs, lower prices

The Brazilian iPhone was meant to mark a new era.     When Taiwan’s Foxconn Technology Group agreed in April 2011 to make Apple products here, President Dilma Rousseff and her advisers promised that up to $12 billion in investments over six years would transform the Brazilian technology sector, putting it on the cutting edge of touch screen development.     Foxconn has created only a small fraction of the 100,000 jobs that the government projected, and most of the work is in low-skill assembly.

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